People's Bank of China Loans to companies Real interest rate cut February 20 11:06

The Central Bank of the People's Republic of China and the People's Bank of China have announced that interest rate indicators, which are indicative of lending to financial institutions by companies, will be reduced by 0.1% to 4.05%.

This is the first substantial rate cut in three months and is intended to help companies raise cash as they are affected by the spread of the new coronavirus.